MapMyFitness lands $3 million in Financing

MapMyFitness, a collection of fitness apps, has landed $3 million in financing from Square 1 Bank.
The Austin-based startup also announced it has more than 10 million registered members.
MapMyFitness is also sponsoring Le Tour Challenge in conjunction with the Tour de France. The challenge gives cyclists worldwide a chance to compete against other athletes during the Tour de France. They compete for $55,000 in prizes, including a trip to Paris.
“The proposed Square 1 Bank financing, coupled with the $9 million Series B funding from Austin Ventures, Milestone Ventures, Competitor Group, Inc. and The Running Specialty Group, LLC announced earlier in the year, will help MapMyFITNESS continue to advance its leadership position in the global online and mobile fitness application markets and further develop its offerings,” according to the company.